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Greece eyes boosting state revenues by 3b euros in 2015: govt official

Sat, Mar 28, 2015 - 12:02 AM

[ATHENS] Greece's government has included measures to boost state revenues by 3 billion euros this year as part of a list of reforms it is sending European creditors in the hope of unlocking aid, a government official said on Friday.

The official said Athens's EU and IMF creditors, known as the Brussels group, will start discussing the list of Athens's proposed reforms on Saturday.

"The actions proposed through the reforms list foresee revenues of 3 billion euros for 2015 which will under no circumstances will come from wage or pension cuts," the official said.

"The list does not include recessionary measures."

The list estimates a primary budget surplus of 1.5 per cent for 2015 - below the 3 per cent target included in the country's existing EU/IMF bailout - and growth of 1.4 per cent, the official said.